Analysis Of Market This Week : Indian Share Market

Hi Folks, Here's the Analysis of Indian Share Market this Week for week ending 8th Jan'16

Nifty                            :    7601.35 (-4.55% )                Sensex                :  24934.33 (-4.67% )

                                                                      

NIFTY Midcap 100  :  13288.70 (-1.86% )              BSE Small Cap   :  11651.97 (-2.42% )

NIFTY  BANK            :  16142.65 (-5.26% )              Dollar  V/s  Rupees :    66.63 (-0.77% )

                                   

Gainers Of The Week

(1) Torrent Power :  28.95%     (2) Balrampur Chini : 17.70%  (3) Shree Renuka Sugar : 15.44%

(4) GVK Power Ltd  : 14.19%  (5) SREI Infra  : 13.13%            (6) Monsanto India : 12.59%

                          (7) Guj. Papavav Ports : 11.39%       (8) RattanIndian Power : 10.04%

                                                       

Losers Of The Week

(1) IDBI Bank Ltd : 12.15%     (2) Jindal Steels  : 12.12%   (3) Bank Of Baroda : 10.37%

                                                                                

 (4) Vedanta  Ltd  : 10.24%       (5) Tata Motors  : 9.66%       (6) Hindalco Inds. : 9.26%

                (7) Oriental Bank Of Comm. : 9.23%             (8) Punjab National Bank : 9.08%

             

                                                         Analysis  Of  Nifty  Movements

Indian share market and Nifty started this week's trading with  slightly GAP DOWN and selling pressure was started after Nifty touched 7937 Level on 1st trading session of this week . Although big players done mixed trades ( Buying and Selling both in Cash Segment ) . The selling pressure was continued across the board until Nifty touched lower level at 7556 on last trading session. Big market players like DII started strong buying after Nifty touched 7556 level. Nifty made weekly high at 7937 level on the first trading session ( As Intra day High ) . Market participant DII are using every sharp dips for buy although DII book some profit in selected shares during this week. Bullish  trend of Nifty and market is still strongly intact. 

NIFTY Mid Cap100 Index corrected by 1.86% and BSE Small Cap Index corrected by 2.42%, Nifty was also corrected by 4.55% , Sensex corrected by 4.67% and Bank Nifty was corrected by 5.26% during the week. Indian Rupee was down against US $ by 0.77%

Now, Nifty have  support at 7580 / 7550 level and resistance at 7640 / 7690 level. Market participants should watch these level closely as Nifty will give a sharper move on either side after breaching the same. Its a market of selling at sharp rise and buying at any sharp dips to remain strong with safe profit on the table, So market participants should sell at any sharp rise and should cover the sold positions at any sharp dips to make nice profit in short term. 

Nifty had again bounced back from the low of 7556 Level which is very close to its the lowest level ( 7551 ) after 11th Aug'2014. It means that Nifty will enter in BEAR Orbit for SHORT TERM if the Nifty again able to breach and sustain bellow 7550 level as closing basis at least for 2 trading sessions.  It will indicate the further weakness in the Indian Share Market . Each and every Market trader / investor should buy at any further sharp dips (strictly considering the lower level of 7550 for Nifty) as its a very right time to make your Portfolio for medium to long term.